Capital One Savor vs SavorOne

Capital One Savor vs SavorOne

August 28, 2018         Written By Bill Hardekopf

Capital One offers two credit cards for cardholders who consider themselves foodies—individuals who spend a lot of cash each month on dining and food purchases. While the Capital One® Savor® Cash Rewards credit card and the Capital One® SavorOne® Cash Rewards credit card offer increased rewards on grocery store, dining and even entertainment purchases, there are some differences that should be pointed out.

Capital One® Savor® Cash Rewards Credit Card

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The Capital One® Savor® Cash Rewards credit card is offered to those with good credit, which is considered a score between 700 and 749. New cardholders earn a very lucrative one-time $300 cash bonus when they spend $3,000 within the first three months of opening their account. The ongoing rewards can also really add up: card members earn unlimited 4% cash back on dining and entertainment, 2% on purchases at grocery stores, and 1% on all other purchases.

There is no introductory interest rate on this card: the rate ranges from 16.74% - 25.74% (Variable), depending on the cardholder’s credit. There are no foreign transaction fees, and the $95 annual fee is waived in the first year.

Capital One® SavorOne® Cash Rewards Credit Card

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The Capital One® SavorOne® Cash Rewards Card is offered to those with excellent credit (a score above 750) but unlike the Savor card, it has no annual fee. A wonderful benefit of this card is that new cardholders can enjoy a 0% APR on balance transfers and purchases for 15 months after opening their account. After that, the interest rate increases to 16.24% - 26.24% (Variable), depending on the cardholder’s credit.

The rewards on this card are attractive but slightly less than the Savor Card. Cardholders earn 1% cash back on all purchases, but the rewards are particularly good on dining out and entertainment (3% cash back) and grocery store purchases (2% cash back). New SavorOne cardholders receive a $150 cash bonus when they spend $500 within the first three months of being a card member.

Conclusion

If you have excellent credit, the SavorOne card is the better option for you, as you can enjoy a 0% introductory rate for 15 months as well as a lower ongoing interest rate. While you will earn slightly lower cash back rewards on dining and entertainment, 3% is still a good rate, and you do not have to pay an annual fee.

If your credit falls in the “good” range, the Savor card is an excellent choice if you spend a lot of money on dining, entertainment, and grocery store purchases.



The information contained within this article was accurate as of August 28, 2018. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


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About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
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